( Yesterday close ) Chart courtesy of stockcharts

Texas Instruments shares are today in focus after company reported its Q4 results on Tuesday. Company said that its fourth-quarter profits rose 13 percent and sales reversed a yearlong decline. Texas Instruments posted net income of $756 million, or 54 cents per share, including a penny per share from a tax gain in the fourth quarter. That compared with $668 million, or 45 cents per share, a year earlier. Looking at the daily chart, stock has been trading in a downtrend with its 200 dma becoming the major resistance of long term for stock. Yesterday results could give a new tone for stock to turn around of this downtrend and starts a new way to move up. If Texas Instruments starts to move above $30 with strong volume, that will be an indication of a bounce. So, Keep an eye on her to see if the close will be above this technical value.

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